Chinese prebaked anode producers predict higher prices
2024-03-19 08:18:14 [Print]
BEIJING (Asian Metal) 19 Mar 24 - Over the past three weeks, both pet coke and coal tar pitch prices in China went up, so prebaked anode producers in China anticipate higher prebaked anode prices from late this month. Current mainstream prices for prebaked anode S 3%max in China stay at RMB3,820-3,920/t (USD531-545/t) EXW, stable from two weeks ago.
A Henan-based prebaked anode producer forecasted that the price for prebaked anode S 3%max would rise by over RMB100/t (USD14/t) from late this month, as the best price for pet coke S 3%max they received touched around RMB1,700/t (USD236/t) EXW from one week ago. "We sold around 10,000t to a major local buyer at around RMB4,000/t (USD556/t) delivered with the freight around RMB80/t (USD11/t) early this month," said the source, who now maintains the same price but predicts a price hike late this month.
With two production lines and the total production capacity of 280,000tpy, they might produce 23,000t this month, the same as last month with no stock now. They produced over 220,000t last year and close to 60,000t so far this year.
Another prebaked anode producer in Henan confirmed that they now suffer a loss of around RMB100/t (USD14/t) as the best price they secured for coal tat pitch C.V. 53%min rose by RMB1,000/t (USD139/t) to around RMB5,500/t (USD764/t) EXW over the past three weeks, so they predicted that the price for prebaked anode S 3%max would rise by RMB100/t (USD14/t) at least two weeks later. "We sold more than 1,000t of prebaked anode S 3%max at around RMB4,000/t (USD556/t) delivered early this month including the freight of around RMB150/t (USD21/t)," said the source, who now maintains the same price and holds no stock.
Based on two production lines and the production capacity of 130,000tpy, they produced around 6,000t last month and the volume might remain stable this month. They produced over 60,000t last year and around 15,000t so far this year.
A Henan-based prebaked anode producer forecasted that the price for prebaked anode S 3%max would rise by over RMB100/t (USD14/t) from late this month, as the best price for pet coke S 3%max they received touched around RMB1,700/t (USD236/t) EXW from one week ago. "We sold around 10,000t to a major local buyer at around RMB4,000/t (USD556/t) delivered with the freight around RMB80/t (USD11/t) early this month," said the source, who now maintains the same price but predicts a price hike late this month.
With two production lines and the total production capacity of 280,000tpy, they might produce 23,000t this month, the same as last month with no stock now. They produced over 220,000t last year and close to 60,000t so far this year.
Another prebaked anode producer in Henan confirmed that they now suffer a loss of around RMB100/t (USD14/t) as the best price they secured for coal tat pitch C.V. 53%min rose by RMB1,000/t (USD139/t) to around RMB5,500/t (USD764/t) EXW over the past three weeks, so they predicted that the price for prebaked anode S 3%max would rise by RMB100/t (USD14/t) at least two weeks later. "We sold more than 1,000t of prebaked anode S 3%max at around RMB4,000/t (USD556/t) delivered early this month including the freight of around RMB150/t (USD21/t)," said the source, who now maintains the same price and holds no stock.
Based on two production lines and the production capacity of 130,000tpy, they produced around 6,000t last month and the volume might remain stable this month. They produced over 60,000t last year and around 15,000t so far this year.
